Oct 15 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH COMPLETES PREVIOUSLY ANNOUNCED ACQUISITION OF BECKLEY CANOPY THERAPEUTICS.
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Oct 10 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH ANNOUNCES NEW CHAIR OF THE BOARD OF DIRECTORS.CANOPY GROWTH CORP - DAVID KLEIN HAS BEEN APPOINTED CHAIR OF ITS BOARD OF DIRECTORS EFFECTIVE IMMEDIATELY.CANOPY GROWTH CORP - KLEIN CURRENTLY SERVES AS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER OF CONSTELLATION BRANDS INC.CANOPY GROWTH CORP - INTERIM CHAIR JOHN BELL WILL REMAIN AS A DIRECTOR ON BOARD.
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Oct 3 (Reuters) - Constellation Brands Inc ::EXEC - MODELO ESPECIAL GENERATED THE MOST DOLLAR SALES GROWTH IN THE ENTIRE U.S. BEER CATEGORY DURING Q2 - CONF CALL.EXEC - "CONSTELLATION & GALLO ARE WORKING IN FULL COOPERATION WITH FTC, WHILE THEY CONTINUE TO REVIEW OUR WINE AND SPIRITS DEAL".EXEC - WE'RE PLEASED WITH THE PROGRESS OF THE CANOPY TEAM AND WHAT THEY HAVE DONE IN THE LAST FEW MONTHS.EXEC - CANOPY'S BUSINESS IS RAPIDLY EVOLVING & THEIR FINANCIAL RESULTS WILL LIKELY BE VOLATILE AS THEY CONTINUE TO FOCUS ON THEIR PATHS TO PROFITABILITY.EXEC SAYS NEW HARD SELTZER TO BE INTRODUCED IN FOUR FLAVORS & WILL CONTAIN 90 CALORIES, 0 CARBS AND 0 SUGARS.
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Oct 3 (Reuters) - Constellation Brands Inc ::QTRLY REPORTED LOSS PER SHARE $2.77.QTRLY COMPARABLE EARNINGS PER SHARE $2.72.SEES 2020 EPS ON A REPORTED BASIS $0.55 - $0.75.QTRLY REPORTED NET SALES $2.34 BILLION, UP 2%.SEES, ON COMPARABLE BASIS, FY20 EPS OF $9.00 - $9.20.CONSTELLATION BRANDS - SEES NET SALES AND OPERATING INCOME GROWTH FROM BEER AT 7% - 9% FOR 2020.SEES FY20 WINE AND SPIRITS NET SALES DECLINE 15 - 20%.CONSTELLATION BRANDS - SEES 2020 CAPEX $800 MILLION - $900 MILLION.INCREASES FISCAL 2020 OPERATING CASH FLOW TARGET TO ABOUT $2.2 BILLION AND FREE CASH FLOW PROJECTION TO $1.3 BILLION - $1.4 BILLION.WINE AND SPIRITS TRANSACTION NOW EXPECTED TO CLOSE BY YEAR END FISCAL 2020.CONSTELLATION BRANDS - SEES 2020 FCF $1.3 BILLION - $1.4 BILLION.CONSTELLATION’S SHARE OF CANOPY GROWTH’S EQUITY LOSSES AND RELATED ACTIVITIES FOR Q2 TOTALED A LOSS OF $484.4 MILLION.Q2 EARNINGS PER SHARE VIEW $2.60, REVENUE VIEW $2.34 BILLION -- REFINITIV IBES DATA.Q2 REVENUE VIEW $2.34 BILLION -- REFINITIV IBES DATA.CONSTELLATION BRANDS - IN Q2, RECORDED $46 MILLION OF CHARGES RELATED TO EFFORTS TO GAIN EFFICIENCIES AND REDUCE COST STRUCTURE OF BUSINESS.FY2020 EARNINGS PER SHARE VIEW $8.43 -- REFINITIV IBES DATA.CONSTELLATION BRANDS - DUE TO WINE AND SPIRITS AND BLACK VELVET DEALS, COST REDUCTION PLAN IS EXPECTED TO BE IMPLEMENTED FOR FISCAL 2020 AND 2021.
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Aug 20 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH RECEIVES KEY EXTRACTION LICENCE.CANOPY GROWTH CORP - RECEIVED A LICENCE FROM HEALTH CANADA FOR KEYLEAF LIFE SCIENCES FACILITY IN SASKATOON.CANOPY GROWTH CORP - NOW OPERATES THREE EXTRACTION ASSETS.
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Aug 14 (Reuters) - Canopy Growth Corp ::ON TRACK TO UNVEIL PORTFOLIO OF VALUE-ADD, HIGHER-MARGIN PRODUCTS IN VARIOUS FORM FACTORS IN OCTOBER 2019.GENERATED NET REVENUE OF $90.5 MILLION IN Q1 2020..HARVESTED 40,960 KILOGRAMS IN QUARTER, AN INCREASE OF 183% OVER Q4 2019..INCREASED QTRLY DRIED CANNABIS SALES IN CANADIAN RECREATIONAL MARKET BY 94% OVER Q4 2019..ONE-TIME, NON-CASH CHARGE ON EXTINGUISHMENT OF WARRANT LIABILITY BIGGEST CONTRIBUTOR TO NET LOSS IN QUARTER..QTRLY NET LOSS PER SHARE C$3.70.Q1 REVENUE VIEW C$107.1 MILLION -- REFINITIV IBES DATA.CANOPY GROWTH SOLD 10,549 KILOGRAMS AND KILOGRAM EQUIVALENTS IN Q1 2020, UP 13% OVER Q4 2019..REMAINS ON TRACK TO UNVEIL CBD PRODUCTS THIS FISCAL YEAR.CANOPY GROWTH - CONFIDENT IN CANADIAN PLANS TODAY, LONG-TERM POTENTIAL OF CANADIAN MARKET.CANOPY GROWTH - SUPPLY CHAIN TO BE AUGMENTED STARTING NEXT FISCAL YEAR FOR PRODUCING VAPE & BEVERAGE PRODUCTS, IN SELECT LOCATIONS IN U.S..
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July 3 (Reuters) - :FULLY SUPPORT DECISION MADE BY CANOPY GROWTH TO APPOINT MARK ZEKULIN AS THE COMPANY’S SOLE CEO - CONSTELLATION BRANDS SPOKESPERSON.
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July 3 (Reuters) - :CANOPY GROWTH FORMER CO-CEO BRUCE LINTON ON CANOPY DEPARTURE SAYS HE WAS TERMINATED - CNBC INTERVIEW.
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July 3 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH ANNOUNCES LEADERSHIP TRANSITION.CANOPY GROWTH CORP - MARK ZEKULIN REMAINS CEO.CANOPY GROWTH CORP - BRUCE LINTON TO STEP DOWN AS CO-CEO AND CANOPY BOARD MEMBER.CANOPY GROWTH CORP - MARK ZEKULIN REMAINS CEO.CANOPY GROWTH CORP - MARK ZEKULIN HAS AGREED TO BECOME SOLE CEO OF COMPANY AND WILL WORK WITH BOARD TO BEGIN A SEARCH TO IDENTIFY A NEW LEADER.CANOPY GROWTH CORP - HAS ALSO APPOINTED JOHN BELL AS ITS BOARD CHAIR,.CANOPY GROWTH CORP - RADE KOVACEVIC WILL ASSUME ROLE OF PRESIDENT.CANOPY GROWTH CORP - APPOINTED JOHN BELL AS ITS BOARD CHAIR, TO BE REVIEWED AT BOARD'S ANNUAL MEETING IN SEPTEMBER.
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June 26 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH ANNOUNCES ACQUISITION OF KEYLEAF LIFE SCIENCES TO SUPPORT LONG-TERM MAJOR SCALE EXTRACTION NEEDS.CANOPY GROWTH - ACQUIRING CANADIAN EXTRACTION FACILITY, EXTRACTION-RELATED FACILITY IN U.S. TO SUPPORT CO'S U.S. CBD EXPANSION.
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